AbhishekHSinghCMT
Long

TataSteel- Picking A Top is Dangerous (Still Picked Top@408.50)

NSE:TATASTEEL   TATA STEEL LTD
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6
146 6
Picking a top or bottom is always a dangerous game unless it is confirmed by price action. Momentum Indicators are slowing down & current low@373.05 could be a temporary halt & some retracement could be seen before TS             resumes its downtrend.

There is a rising trendline which could support TS             & give a halt in the fall of 408.50- as per previous update we were glad to take a short position in TS             -right at the top 407.50 with a stop of 408.60 - Just 1 Rs             Stop- Look at the Risk/Reward Ratio.

I shall keep updating in this portion- next TS             movement- Hope so we enjoyed the fall.


Trade active: 09:35 Hrs-IST-14th Sep2016 - "Oh" -It has broken the rising trendline- bad for bulls
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
SIR NOT ABLE TO UNDERSTAND. PLEASE CLARIFY REQUEST TO UPDATE WHAT IS A TRADE IN TATASTEEL NOW???
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Boss- Rising Trendline broken straight forward it was bad -if you were thinking to buy. well I will have to workout & comeback again
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trader4573 AbhishekHSinghCMT
GE bro....Actually I was long in Tisco before results...holding 380 CE @ 14.8...today it crashed down in opening trade itself and broke the trend line...Again price throws back into channel in the end of the session...still holding my 380CE and looking for the bounce to 380-385 to exit with loss / profit...If you have any update please share bro...Thank you...
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Sure, I will once let me have a look on TS.
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thanks for sharing
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AbhishekHSinghCMT rajesh.kottapalli
welcome
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